# PVcase, UAB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pvcase-uab

- Industry: Software
- Headquarters: Vilnius, Lithuania
- Website: www.pvcase.com
- Total disclosed funding: $127M
- Latest round: Series B (Jul 17, 2023)
- Investors on record: 5

## About

PVcase is a Lithuania-based company specializing in solar project development solutions, focusing on site selection and photovoltaic design, to optimize solar energy yield for diverse clients globally.Founded in 2018 in Vilnius, Lithuania, PVcase develops software solutions for solar project development. The company has raised a total of EUR 89.00 mn through 3 funding rounds, with the most recent being a Series B on July 17, 2023, involving investors such as Energize Capital, Highland Europe, and returning investor Elephant. David Trainavicius, a co-founder, is currently the CEO.PVcase offers an end-to-end solar project development platform featuring tools like PVcase Prospect, Ground Mount, Roof Mount, and Yield. These tools aid in site analysis, solar design, and optimizing project yields, serving over 1,500 clients in more than 75 countries, including firms like AES and Iberdrola.In 2023, PVcase reported a revenue of EUR 21,543,985.20 and an EBITDA of EUR -3,118,379.30. Revenue is generated primarily through subscription models for its software solutions, allowing clients to engage in flexible financial arrangements based on project needs.With the EUR 89 mn raised in the Series B funding in July 2023, PVcase plans to expand its operations and enhance its software solutions. The company is targeting growth in new geographic markets, although specific regions are not detailed. The funding will play a crucial role in supporting these expansion initiatives.

## Funding rounds

- Series B, Jul 17, 2023, $100M — Elephant, Energize Capital, Highland Europe
- Series A, Oct 5, 2021, $27M — Practica Capital, Elephant, Contrarian Ventures
- Seed, Oct 5, 2018, $0.6M — Practica Capital, Contrarian Ventures

## Investors

- Practica Capital (https://capitalatlas.ai/funds/practica-capital) — Seed, Series A
- Contrarian Ventures (https://capitalatlas.ai/funds/contrarian-ventures) — Seed, Series A
- Elephant (https://capitalatlas.ai/funds/elephant) — Series A, Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series B